Samoa Agritourism Policy Setting Worskhop 2016 Linking Agriculture and Tourism through Policy setting: Strengthening the local agrifood sector and promoting agritourism Workshop organised by the Government of Samoa and CTA in collaboration with PIPSO

1. SAMOA AGRITOURISM POLICY
SETTING FORUM

2.  Focus of Presentation
 What is SBEC?
 SBEC Model
 Challenges to small businesses
 SBEC Core Services
 The Guarantee Scheme
 SBEC Portfolio
 Contribution to SDS
 Way Forward

3. SBEC’s Aspiration Goal
 “To be recognised as the preeminent
organisation in the Pacific region that provides
expert and best practise services and support
for the development of small businesses”
SBEC’sVision
 “a sustainable economic & social life for all
through small business development”
SBEC’s Mission
 “To lead and facilitate sustainable small
business growth and development”

4.  .
SBECSBEC
MODELMODEL
Business Idea
Existing
business
Special
skill/resource
Business
Development
& Nurturing
Portfolio
Management
SBEC
Guarantee
Business
Financing
Business Plan
Loan Proposal
Business
Training

5. • Access to finance and business support
services. Lack of security. Land ownership
• Costs of doing business still relatively
high– establishing, operating & sustaining)
• Vulnerabilities (economic &environment)
• Market access & related costs
• Business & work ethics – lack of
commitment and sacrifices
• Cultural influence (church, family &
community)

6.  Training
 Business training,TNAs, surveys
 Business Development
 Business advisory, support services, mentoring
 Security, Legal & Recovery
 Process Loan Security documentations, arrears
management , foreclosure recovery & account
monitoring, legal (court matters)
 Finance & Support Services
 Finance, HR, Asset management

8.  100% Guarantee
 Loans $10k and below
 Two guarantors
 All Banks
 New & Existing businesses
 Partial Guarantee
 80% - 20%
 $10,001 - $50,000
 Two guarantors + collateral (remaining balance)
 New & Existing Businesses
(Pre-requisite – SYBTraining)

9. 1.TRAINING
 StartYour Own Business (SYB)
 Business Essentials
 Record Keeping & Financial
Monitoring
 English in my Business
 Customer Service
 Basic Financial Literacy
 Occupational Health & Safety (OHS)
 Level II Certificate in Small Business
Operation

10. 2. BUSINESS DEVELOPMENT
Professional Advisory – field & office
Mentoring & Nurturing support
Facilitate access to finance
Marketing & Promotion
SectorAnalysis
Special Projects
Business rehabilitation

11. Number of existing clients 800+
Total Amount Loans Granted $ 13,982,970.39
Total Amount Guaranteed
(SBLGS) $ 10,988,968.23
Current Portfolio as at 30th June 2016

12. •By number - more than 2,000 small
businesses
2500 employment
1% of GDP (equivalent to $65 million
tala)
•By sector - all economic sectors
•By location – both Rural and Urban areas
of Upolu & Savaii

13. •Encourage effective & sustainable partnerships (a
coordinated effort in addressing issues)
•Constant capacity building and trainings
• Inclusive development of financial products & services
designed to match demand
•Increased focus on business development and support
nurturing
•Improve our role as facilitator to access support &
assistance from government, donor agencies and other
PSOs
•Improve awareness of SBEC’s Profile by promotional
activities & increasing the range of services provided